Lyten to Establish a Lyten Industrial Hub in Poland March 20, 2026 Lyten announces the establishment of its next Lyten Industrial Hub in Gdańsk, Poland. The hub will bring together key manufacturing and digital resources to support energy infrastructure, the development of artificial intelligence, and the defense sector. In February 2026, Lyten announced the creation of the first Lyten Industrial Hub in Sweden, combining battery production operations there with a 1 GW AI data center campus. Lyten plans to complete its feasibility study by the end of 2026 to determine the full development plan
Borrowing costs soar to post-financial crisis high in blow to Reeves March 20, 2026 UK government borrowing costs have soared to their highest level since the Great Financial Crisis in 2008, with markets frightened by the state of public finances in the face of another global price shock. Gilt yields have inched up over the course of the week, with the ten-year gilt yield topping 4.9 per cent on [...]
Exclusive: Formula 1 teams scramble to move freight stuck in Middle East March 20, 2026 Formula 1 teams are scrambling to access key racing components stuck in the Middle East due to the closure of the Strait of Hormuz and the wider Iran conflict, City AM can reveal. The regional tensions have already caused both the Bahrain and Saudi Arabia Grands Prix to be postponed, and potentially cancelled, leaving a [...]
Bank of England to hike interest rates twice, JP Morgan says March 20, 2026 The Bank of England will hike interest rates at its next meeting in late April, JP Morgan has predicted, presenting a new threat to the security of the UK economy. JP Morgan economist Allan Monks has said that the Bank’s Monetary Policy Committee (MPC) will opt to raise interest rates at least twice this year. [...]
Reeves hit by spike in government borrowing March 20, 2026 UK government borrowing rose by more than expected in February, it has been revealed, adding a strain on public finances as Chancellor Rachel Reeves faces trouble ahead with deciding the government’s response to the war in Iran. The Office for National Statistics (ONS) has said that the government borrowed £14bn, with economists having predicted the [...]
Is AI ‘vibe coding’ too good to be true? March 20, 2026 AI means companies can now 'vibe code' their own software products on the cheap – but they may soon discover the risks, writes Paul Armstrong.
Elior Champ Rugby deal may be good for clubs, but what’s the point? March 20, 2026 It is great to see Champ Rugby get its first sponsor in six years this week, in catering company Elior UK; it signals a shift in appetite for the second tier of English rugby. It will be a good marketing tool for clubs, whose matches are broadcast on streaming platform Clubber TV, and it solidifies [...]
Open banking is a growth engine Britain cannot ignore March 20, 2026 Open banking doesn't grab headlines like AI, but combining these technologies can deliver exponential benefits, writes John Glen MP.
Revolut poised to hit Natwest and Lloyds in deposit war March 20, 2026 Revolut’s long-awaited UK banking licence approval is set to trigger a “deposit war” that could hand a major blow to incumbent giants Natwest and Lloyds. The $75bn fintech juggernaut finally bagged its full-fat UK banking permit earlier this month after a four-year tussle with regulators. Analysts are expecting the move to send ripples across the [...]
Sluggish economy spooks small housebuilders March 20, 2026 Small and medium (SME) housebuilders are being put off from investing in new projects by the UK’s economy and housing market, according to a new report. As many as 70 per cent of SME building firms said current market conditions are reducing their appetite for starting new sites and a quarter expect to cut back [...]